Nationwide My Savings Review

Nationwide My Savings is offered by Nationwide, a financial services company founded in 1926 and based in Columbus, OH. Nationwide My Savings is available in 49 states (and Washington, DC).

• Higher than average APY. Nationwide My Savings has an annual percentage yield of up to 0.7%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $1000.
• $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
• No ATM fees. Nationwide My Savings does not charge fees on ATM transactions.
• ATM fee reimbursements. This account will reimburse you for ATM fees (see terms and conditions for details).
• Bill pay. Pay your bills to practically anyone in the United States through Nationwide.

Are savings accounts from Nationwide federally insured?

No, your Nationwide savings accounts are not insured by a federal insurance agency. This means that if Nationwide were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

Does Nationwide offer a signup bonus?

Nationwide savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Nationwide savings account?

What APY does Nationwide offer?

Nationwide savings account offers an APY starting at 0.4% and ranging up to 0.7% (APY stands for annual percentage yield, rates may change).

What fees does Nationwide savings account charge?

Nationwide savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

• Outgoing domestic bank transfers come with a $35 fee.
• Outgoing international bank transfers come with a $45 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
• Nationwide savings account charges $5 every time you request a paper statement.

What features and perks does Nationwide savings account offer?

This savings account includes the following features:

• ATM reimbursement - This account provides ATM access and will reimburse you for the ATM fees charged by other networks.
• Fraud monitoring - Nationwide savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
• Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
• Mobile Banking Services - Nationwide savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.

Can you set up a direct deposit to Nationwide savings account?

In most cases, the answer is yes. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Nationwide savings account?

The customer support email for Nationwide savings account is consumerprivacy@nationwide.com.

How do people rate the customer service and user experience of Nationwide savings account?

Overall, Nationwide savings account is strongly recommended based on community reviews that rate customer service and user experience.